The first present a circumstance for argument of purpose of the executive hare repurchase. Then the author interpret such behavior as an exaggeration of the known bank crisis. Thereafter, the author arguing from the counter perspective by introducing another behavior incentive that is to calm the worry for the investors. Finally the author say “ on balance”, that is under all the light of circumstances, it is likely to be something… On balance has same meaning as In conclusion.
“the second states a conclusion that is drawn in order to support the main conclusion of the argument.” You probably consider the following part as the main conclusion of the passage: “corporate executives do sometimes buy shares in their own company in a calculated attempt to calm worries about their company’s condition.” Indeed I made the same mistake before as you. This judgment, indeed, is the counter evidence introduce to rebut the prior judgment made, and both judgments serve as part of entire reasoning process to reach the conclusion---“ On balance” Without prior two counter judgment made, there would be no grounds for making the claim that “On balance…” |